Technology

Main events of week in technology market

2023.02.12 04:58

Main events of week in technology market
Main events of week in technology market

Main events of week in technology market

By Kristina Sobol  

Budrigannews.com – Executives in business casual attire walk up to the stage and pretend that adding a touchscreen to yet another product or making a few changes to the camera and processor make this year’s phone significantly different from last year’s phone.

However, that drastically changed this week. Some of the biggest businesses in the world teased significant enhancements to their services, some of which are essential to our day-to-day lives and how we use the internet. New AI technology that enables more conversational and complex responses was the driving force behind the changes in each instance.

Using the capabilities of ChatGPT, the viral AI tool developed by OpenAI, a company in which Microsoft recently invested billions of dollars, Microsoft announced on Tuesday a revamped Bing search engine. In addition to providing a list of search results, Bing will also respond to user inquiries, engage in conversation, and produce content. Additionally, there are rumors that Microsoft will hold another event the following month to demonstrate features similar to those found in Word, PowerPoint, and Outlook.

Google held an event on Wednesday to discuss how it intends to utilize similar AI technology to enable its search engine to provide responses to queries that are more complex and conversational. This week, Chinese tech giants Baidu and Alibaba announced the launch of their own ChatGPT-like services. Additionally, other businesses will likely soon follow suit.

The flurry of AI-related announcements this week feels like a breath of fresh air after years of incremental smartphone updates, the promise of 5G that has yet to materialize, and social networks copying each other’s features until they all look the same.

Yes, there are genuine concerns regarding the technology’s capacity to disseminate biased and inaccurate information, as demonstrated by a Google demonstration this week. Additionally, it is highly likely that a number of businesses will introduce AI chatbots that do not actually require one. However, these features are entertaining, have the potential to give us back hours of our day, and perhaps most importantly, some are available right now for us to test out.

Do you need to write an employee annual review or a real estate listing? In just three seconds, you can finish your first draft by entering a few keywords into a ChatGPT query bar. Want a quick meal plan and shopping list based on your dietary preferences? It would appear that Bing has you covered.

In Silicon Valley, the 2010s were largely defined by the ambitious technologies that did not fully arrive, just as smartphones defined the 2000s. self-driving cars, which have been tested on roads but aren’t yet ready for daily use; products for virtual reality that got better and cheaper but never got much use; and the promise that advanced experiences would be powered by 5G, which has not yet materialized.

However, technological change, like Ernest Hemingway’s concept of bankruptcy, can occur gradually or abruptly. For instance, the iPhone had been in the works for a long time before Steve Jobs introduced it to the world on stage in 2007. Similarly, the company behind ChatGPT, OpenAi, was established seven years ago and released GPT3, an earlier version of its AI system, in 2020.

According to analyst Bern Elliot of Gartner, “ChatGPT exploded onto the market and people’s awareness,” “but this has been a long time in the making.”

In addition, artificial intelligence systems have supported many of the features that people now take for granted, including voice assistants and facial recognition software, content recommendations on social media platforms, and email auto-complete tools. But when ChatGPT went public in November, it showed millions of people the power of AI systems in a fun and easy-to-understand way. At the same time, ChatGPT made it much simpler to see how far the technology has come in recent years and how much it could change across industries.

According to Elliott, “new generations of technologies are frequently not particularly visible because they haven’t matured enough to the point where you can do something with them.” When they are more mature, you begin to observe them over time, whether in an industrial setting or behind the scenes; however, when it is directly accessible to the public, as with ChatGPT, there is swiftly increased public interest.

There are concerns regarding ChatGPT’s accuracy as well as its impact on actual people now that the technology has gained traction and prompted larger businesses to implement features that are comparable to it.

There are those who are concerned that it could have a negative impact on businesses and render unemployed writers, journalists, tutors, coders, and artists. Others are more pessimistic, speculating that it will enable workers to complete to-do lists more effectively or concentrate on more complex tasks. Regardless, it will likely necessitate industry transformation, which is not necessarily a bad thing.

“We as a society will have to address the risks posed by new technologies by enforcing acceptable use policies and instructing the general public on how to use them appropriately. According to Elliott, guidelines will be required.

In the past few weeks, I’ve spoken with a lot of experts who have compared the AI revolution to the early days of the calculator and the fears that educators and scientists once had about how it could hinder our basic math knowledge. With grammar and spell check tools, the same anxiety existed.

This week may mark the beginning of a new method of doing things, similar to how the iPhone changed computing and communication in June 2007, even though AI tools are still in their infancy. However, this time it might be a Bing browser.

Main events of week in technology market

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